Auckland Airport flags $100 mln bond offer

Auckland Airport flags $100 mln bond offer

Nov.
28 (BusinessDesk) - Auckland International Airport, the
country's major gateway, plans to launch a $100 million bond
offer and has asked for early expressions of interest.

The unsecured, unsubordinated fixed rate bonds are
expected to be seven-year notes, the airport said in a
statement. Full details will be published next week. The
offer comes after a tranche of the airport's listed bonds
matured on Nov. 7.

Australia & New Zealand Banking Group
is lead manager, with Forsyth Barr as co-manager.

This
month, Auckland Airport new chief executive Adrian
Littlewood took over after predecessor Simon Moutter left to
head up Telecom.

The shares fell 1.1 percent to $2.635 in
trading yesterday, and have gained 5.8 percent this year.

The Wellington-based BusinessDesk team led by former Bloomberg Asian top editor Jonathan Underhill and Qantas Award-winning journalist and commentator Pattrick Smellie provides a daily news feed for a serious business audience.

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